On Wednesday 31 July the Federal Reserve may cut interest rates for the first time in over a decade, marking a significant reversal in policy from the tightening cycle that was first pursued by former Fed Chair Janet Yellen. While a rate cut seems like a done deal, markets are still puzzled about the scale of the cut.
As of today, investors forecast a 79% probability of a 25 basis points cut and a 21% likelihood of a larger 50 basis points cut according to CME Fedwatch Tool. Several economic data releases have shown a weakening of the US economy, but there’s still no apparent sign of a… Read More:
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